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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Post by bosstradeon Sep 24, 2021 5:41am
289 Views
Post# 33912820

MANAGENT HAS TO GO. EMAIL THEM AND LET THEM KNOW.

MANAGENT HAS TO GO. EMAIL THEM AND LET THEM KNOW.Management of a public company have a duty to communicate to shareholders. Management have a duty to do whats best for the company and not themselves. Its called breach of fiduciary responsibilities if they do otherwise.
Every company would have refinanced if they could. No company would miss a bull run because of financing if they could refinance. No company would wait on refinancing and pay lower fees immediately just to gain more cash flow. No good management at any company would want their shareholders doing what we are, wondering if refinancing is coming.
Management has had a free ride. Big salaries, big options and no results in a timely fashion and just sat on cash for to cover their salaries. Management does not communicate to shareholders and when they have about money from tank farm sale, they lied. Said they would buy back shares and didn't. Thes arent goverment or union employees. If we don't like what they are doing we get rid of them as shareholders. 
We all like the assets as I'm sure Waterous fund does. If management has been in contact with these crooks, we know they have cooked up a deal for themselves, not the shareholders. We ALL need to contact Matt Taylor and ask about Waterous and refinancing. If everyone on this board did, we would send a clear message.
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